Wednesday, 2 February 2011

Online auctioneer sells stake > Inside Retailing > Articles page

In more news from the world of online retail, auctioneer Grays Online has sold a 25 per cent interest in its business to finance company, Caledonia Investments. According to the Australian Financial Review, the deal is estimated to be worth around $35 million, valuing the total company at around $140 million. The company generates sales of close to $310 million.